Pre-Construction fourplelxes in Cypress, TX off of Telge Rd. Rapidly growing area with freeway expansion almost complete. These are townhouse style fourplexes, with the first phase starting construction in August of 2019. The development includes amenities for future tenants like walking trails, dog parks, play grounds, and a pool. Each unit is 1686 square feet with 3 beds, 2.5 bath, and a one car garage with a driveway. Contact us for a more detailed breakdown of the income and expenses associated with these units.

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POPULATION GROWTH

Fourth largest city in the United States is well known as a center for energy, medicine, international business and technology.

JOB GROWTH

Houston recovered 201.9% of jobs lost since the last recession began. (BLS)

ECONOMY

Ranked the #1 labor market in the U.S by Biz Journals.

In 2012, the city was ranked #1 for paycheck worth by Forbes; and in late May 2013, Houston was identified as America's top city for employment creation.

In 2013, Houston was identified as the #1 U.S. city for job creation by the U.S. Bureau of Statistics after it was not only the first major city to regain all the jobs lost in the preceding economic downturn, but after the crash, more than two jobs were added for every one lost. Economist and vice president of research at the Greater Houston Partnership Patrick Jankowski attributed Houston's success to the ability of the region's real estate and energy industries to learn from historical mistakes. Furthermore, Jankowski stated that "more than 100 foreign-owned companies relocated, expanded or started new businesses in Houston" between 2008 and 2010, and this openness to external business boosted job creation during a period when domestic demand was problematically low. Also in 2013, Houston again appeared on Forbes' list of Best Places for Business and Careers.

TAXES / COST OF LIVING

No personal or corporate state income tax.

Maximum state and city sales tax of 8.25%.

MISCELLANEOUS

Ranked the #1 best place to buy a home by Forbes.

The Port of Houston, located 50 miles inland from the Gulf of Mexico, is the second largest in the nation and the seventh largest in the world in both foreign and total tonnage.

The Houston Airport System is the fourth largest airport system in the United States. Houston's central location in the United States makes it a distribution hub for domestic as well as international markets.

Overview

Houston is an enormous city located in the state of Texas. With a population of 2,145,146 people and 605 constituent neighborhoods, Houston is the largest community in Texas.

Houston is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Houston is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Houston who work in office and administrative support (13.48%), sales jobs (11.02%) and management occupations (7.71%).

Houston, like many big cities in America, has a public transportation system, but the citizens of Houston are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.

Houston Information and Demographics

In terms of college education, Houston is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.21% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Houston in 2010 was $25,927, which is upper middle income relative to Texas and the nation. This equates to an annual income of $103,708 for a family of four. However, Houston contains both very wealthy and poor people as well.

Houston is an extremely ethnically-diverse city. The people who call Houston home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Houston residents report their race to be White, followed by Black or African-American. Houston also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 43.81% of the city’s residents. Important ancestries of people in Houston include German, English and Irish.

In addition, Houston has a lot of people living here who were born outside of the US (28.31%).

The most common language spoken in Houston is English. Some people also speak Spanish.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Houston, TX (MSA)

6.9%

10.4%

13.9%

17.4%

Next 24 Months

Next 36 Months

Next 48 Months

Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments. MSAs may cross
county and state lines to form a qualified statistical region.

Median Price Trends — Houston, TX

Market Inventory Trends — Houston, TX

Average Days on Market — Houston, TX

Market Action Index — Houston, TX

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Houston, TX

791,147

275,039

32

23 minutes

Number of Homes

Homeswith Children

Median Age

AverageCommute Time

Unemployment Rate Trends — Houston, TX

Houston, Texas, National. (Recessions shown as gray bars.)

Total Employment Trends — Houston, TX

CPS - Current Population Survey, CES - Current Employment Statistics.

Real Median Household Income Trends — Houston, TX

Houston, Texas, National.

Home Rent-to-Mortgage Payment Ratio — Houston, TX

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics. A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments. Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper. (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Houston was 1.08 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.